You can apply for most of Salal’s checking, savings and certificate of deposit products using our secure online application. To apply for Youth or IRA savings and certificates, visit a branch or call 800.562.5515.
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Rate = Interest Rate. APY = Annual Percentage Yield. Rates are current as of September 29th, 2023, and are subject to change at any time.
Checking Accounts
| Account | Minimum Daily Balance Requirement | Interest Rate | APY |
|---|
| DIRECT INTEREST | $0+ | 0.03% | 0.03% |
| 50+ INTEREST | $0+ | 0.10% | 0.10% |
| PREFERRED INTEREST | $0 - $2,499.99 | 0.03% | 0.03% |
| $2,500+ | 0.10% | 0.10% |
| $25.00 minimum opening balance. Fees could reduce earnings on the account. |
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Savings Accounts
| Account | Minimum Daily Balance Requirement | Interest Rate | APY |
|---|
| PRIMARY SAVINGS | $100 - $2,499 | 0.01% | 0.01% |
| $2,500 - $9,999 | 0.01% | 0.01% |
| $10,000 - $24,999 | 0.01% | 0.01% |
| $25,000 - $49,999 | 0.03% | 0.03% |
| $50,000 - $99,999 | 0.03% | 0.03% |
| $100,000 + | 0.05% | 0.05% |
| EXTRA SAVINGS | $100 - $2,499 | 0.01% | 0.01% |
| $2,500 - $9,999 | 0.01% | 0.01% |
| $10,000 - $24,999 | 0.01% | 0.01% |
| $25,000 - $49,999 | 0.03% | 0.03% |
| $50,000 - $99,999 | 0.03% | 0.03% |
| $100,000 + | 0.05% | 0.05% |
| YOUTH SAVINGS | $5 - $2,499 | 0.01% | 0.01% |
| $2,500 - $9,999 | 0.01% | 0.01% |
| $10,000 - $24,999 | 0.01% | 0.01% |
| $25,000 - $49,999 | 0.03% | 0.03% |
| $50,000 - $99,999 | 0.03% | 0.03% |
| $100,000 + | 0.05% | 0.05% |
| $5.00 minimum opening balance. Fees could reduce earnings on the account. |
|---|
Promotional Certificates of Deposit
| Term | Minimum Daily Balance Requirement | Rate | APY |
|---|
| 7 MONTHS* | $1,000 - $2,499 | 4.64% | 4.75% |
| $2,500 - $9,999 | 4.64% | 4.75% |
| $10,000 - $24,999 | 4.64% | 4.75% |
| $25,000 - $49,999 | 4.64% | 4.75% |
| $50,000 - $99,999 | 4.64% | 4.75% |
| $100,000+ | 4.64% | 4.75% |
| 18 MONTHS* | $1,000 - $2,499 | 4.88% | 5.00% |
| $2,500 - $9,999 | 4.88% | 5.00% |
| $10,000 - $24,999 | 4.88% | 5.00% |
| $25,000 - $49,999 | 4.88% | 5.00% |
| $50,000 - $99,999 | 4.88% | 5.00% |
| $100,000+ | 4.88% | 5.00% |
$1,000 minimum opening balance. Interest is calculated and compounded monthly. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account.
*7- and 18-month promotional CDs not eligible for Salal Rewards Points. |
|---|
Certificates of Deposit
| Minimum Daily Balance Requirement | w/ Salal Rewards Points* | w/o Salal Rewards Points |
|---|
| Terms | Rate | APY | Rate | APY |
6 mo.
| $1,000–$2,499 | 0.30% | 0.30% | 0.05% | 0.05% |
| $2,500–$9,999 | 0.30% | 0.30% | 0.05% | 0.05% |
| $10,000–$24,999 | 0.30% | 0.30% | 0.05% | 0.05% |
| $25,000–$49,999 | 0.30% | 0.30% | 0.05% | 0.05% |
| $50,000–$99,999 | 0.35% | 0.35% | 0.10% | 0.10% |
| $100,000+ | 0.35% | 0.35% | 0.10% | 0.10% |
| 9 mo. | $1,000–$2,499 | 0.35% | 0.35% | 0.10% | 0.10% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% |
| $10,000–$24,999 | 0.45% | 0.45% | 0.20% | 0.20% |
| $25,000–$49,999 | 0.50% | 0.50% | 0.25% | 0.25% |
| $50,000–$99,999 | 0.55% | 0.55% | 0.30% | 0.30% |
| $100,000+ | 0.60% | 0.60% | 0.35% | 0.35% |
| 12 mo. | $1,000–$2,499 | 0.60% | 0.60% | 0.35% | 0.35% |
| $2,500–$9,999 | 0.65% | 0.65% | 0.40% | 0.40% |
| $10,000–$24,999 | 0.70% | 0.70% | 0.45% | 0.45% |
| $25,000–$49,999 | 0.75% | 0.75% | 0.50% | 0.50% |
| $50,000–$99,999 | 0.80% | 0.80% | 0.55% | 0.55% |
| $100,000+ | 0.85% | 0.85% | 0.60% | 0.60% |
| 18 mo.** | $1,000–$2,499 | N/A | N/A | 4.88% | 5.00% |
| $2,500–$9,999 | N/A | N/A | 4.88% | 5.00% |
| $10,000–$24,999 | N/A | N/A | 4.88% | 5.00% |
| $25,000–$49,999 | N/A | N/A | 4.88% | 5.00% |
| $50,000–$99,999 | N/A | N/A | 4.88% | 5.00% |
| $100,000+ | N/A | N/A | 4.88% | 5.00% |
| 24 mo. | $1,000–$2,499 | 0.40% | 0.40% | 0.15% | 0.15% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% |
| $10,000–$24,999 | 0.40% | 0.40% | 0.15% | 0.15% |
| $25,000–$49,999 | 0.45% | 0.45% | 0.20% | 0.20% |
| $50,000–$99,999 | 0.50% | 0.50% | 0.25% | 0.25% |
| $100,000+ | 0.50% | 0.50% | 0.25% | 0.25% |
| 30 mo. | $1,000–$2,499 | 0.40% | 0.40% | 0.15% | 0.15% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% |
| $10,000–$24,999 | 0.40% | 0.40% | 0.15% | 0.15% |
| $25,000–$49,999 | 0.45% | 0.45% | 0.20% | 0.20% |
| $50,000–$99,999 | 0.50% | 0.50% | 0.25% | 0.25% |
| $100,000+ | 0.50% | 0.50% | 0.25% | 0.25% |
| 36 mo. | $1,000–$2,499 | 0.45% | 0.45% | 0.20% | 0.20% |
| $2,500–$9,999 | 0.45% | 0.45% | 0.20% | 0.20% |
| $10,000–$24,999 | 0.45% | 0.45% | 0.20% | 0.20% |
| $25,000–$49,999 | 0.50% | 0.50% | 0.25% | 0.25% |
| $50,000–$99,999 | 0.55% | 0.55% | 0.30% | 0.30% |
| $100,000+ | 0.55% | 0.55% | 0.30% | 0.30% |
| 48 mo. | $1,000–$2,499 | 0.50% | 0.50% | 0.25% | 0.25% |
| $2,500–$9,999 | 0.50% | 0.50% | 0.25% | 0.25% |
| $10,000–$24,999 | 0.50% | 0.50% | 0.25% | 0.25% |
| $25,000–$49,999 | 0.55% | 0.55% | 0.30% | 0.30% |
| $50,000–$99,999 | 0.60% | 0.60% | 0.35% | 0.35% |
| $100,000+ | 0.60% | 0.60% | 0.35% | 0.35% |
$1,000 minimum opening balance. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account.
*2,500 Salal Rewards Points must be redeemed at time of application or request to receive the 0.25% increase.
**18-month CD not eligible for Salal Rewards Points.
|
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Choice Certificate
| Term | Minimum Daily Balance Requirement | Rate | APY |
|---|
| 6 MONTHS | $500 - $999 | 0.05% | 0.05% |
| $1,000 - $9,999 | 0.05% | 0.05% |
| $10,000 - $24,999 | 0.05% | 0.05% |
| $25,000 - $49,999 | 0.05% | 0.05% |
| $50,000 - $99,999 | 0.10% | 0.10% |
| JUMBO ($100,000+) | 0.10% | 0.10% |
| $500 minimum opening balance. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. |
|---|
Youth Certificate
| Term | Minimum Daily Balance Requirement | Rate | APY |
|---|
| 24 MONTHS | $100 - $999 | 0.15% | 0.15% |
| $1,000 - $9,999 | 0.15% | 0.15% |
| $10,000 - $24,999 | 0.15% | 0.15% |
| $25,000 - $49,999 | 0.20% | 0.20% |
| $50,000 - $99,999 | 0.25% | 0.25% |
| JUMBO ($100,000+) | 0.25% | 0.25% |
| $100 minimum opening balance. A penalty may be imposed for early withdrawal. Fees could reduce earnings on the account. |
|---|
IRA Savings
| Minimum Daily Balance Requirement | Interest Rate | APY |
|---|
| $100 - $2,499 | 0.01% | 0.01% |
| $2,500 - $9,999 | 0.01% | 0.01% |
| $10,000 - $24,999 | 0.01% | 0.01% |
| $25,000 - $49,999 | 0.03% | 0.03% |
| $50,000 - $99,999 | 0.03% | 0.03% |
| $100,000+ | 0.05% | 0.05% |
| No minimum balance required. Fees could reduce earnings on the account. |
|---|
IRA Certificates of Deposit
| Minimum Daily Balance Requirement | w/ Salal Rewards Points* | w/o Salal Rewards Points |
|---|
| Terms | Rate | APY | Rate | APY |
6 mo.**
| $1,000–$2,499 | N/A | N/A | 4.64% | 4.75% |
| $2,500–$9,999 | N/A | N/A | 4.64% | 4.75% |
| $10,000–$24,999 | N/A | N/A | 4.64% | 4.75% |
| $25,000–$49,999 | N/A | N/A | 4.64% | 4.75% |
| $50,000–$99,999 | N/A | N/A | 4.64% | 4.75% |
| $100,000+ | N/A | N/A | 4.64% | 4.75% |
| 9 mo. | $1,000–$2,499 | 0.35% | 0.35% | 0.10% | 0.10% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% |
| $10,000–$24,999 | 0.45% | 0.45% | 0.20% | 0.20% |
| $25,000–$49,999 | 0.50% | 0.50% | 0.25% | 0.25% |
| $50,000–$99,999 | 0.55% | 0.55% | 0.30% | 0.30% |
| $100,000+ | 0.60% | 0.60% | 0.35% | 0.35% |
| 12 mo. | $1,000–$2,499 | 0.60% | 0.60% | 0.35% | 0.35% |
| $2,500–$9,999 | 0.65% | 0.65% | 0.40% | 0.40% |
| $10,000–$24,999 | 0.70% | 0.70% | 0.45% | 0.45% |
| $25,000–$49,999 | 0.75% | 0.75% | 0.50% | 0.50% |
| $50,000–$99,999 | 0.80% | 0.80% | 0.55% | 0.55% |
| $100,000+ | 0.85% | 0.85% | 0.60% | 0.60% |
| 18 mo.** | $1,000–$2,499 | N/A | N/A | 4.88% | 5.00% |
| $2,500–$9,999 | N/A | N/A | 4.88% | 5.00% |
| $10,000–$24,999 | N/A | N/A | 4.88% | 5.00% |
| $25,000–$49,999 | N/A | N/A | 4.88% | 5.00% |
| $50,000–$99,999 | N/A | N/A | 4.88% | 5.00% |
| $100,000+ | N/A | N/A | 4.88% | 5.00% |
| 24 mo. | $1,000–$2,499 | 0.40% | 0.40% | 0.15% | 0.15% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% |
| $10,000–$24,999 | 0.40% | 0.40% | 0.15% | 0.15% |
| $25,000–$49,999 | 0.45% | 0.45% | 0.20% | 0.20% |
| $50,000–$99,999 | 0.50% | 0.50% | 0.25% | 0.25% |
| $100,000+ | 0.50% | 0.50% | 0.25% | 0.25% |
| 30 mo. | $1,000–$2,499 | 0.40% | 0.40% | 0.15% | 0.15% |
| $2,500–$9,999 | 0.40% | 0.40% | 0.15% | 0.15% |
| $10,000–$24,999 | 0.40% | 0.40% | 0.15% | 0.15% |
| $25,000–$49,999 | 0.45% | 0.45% | 0.20% | 0.20% |
| $50,000–$99,999 | 0.50% | 0.50% | 0.25% | 0.25% |
| $100,000+ | 0.50% | 0.50% | 0.25% | 0.25% |
| 36 mo. | $1,000–$2,499 | 0.45% | 0.45% | 0.20% | 0.20% |
| $2,500–$9,999 | 0.45% | 0.45% | 0.20% | 0.20% |
| $10,000–$24,999 | 0.45% | 0.45% | 0.20% | 0.20% |
| $25,000–$49,999 | 0.50% | 0.50% | 0.25% | 0.25% |
| $50,000–$99,999 | 0.55% | 0.55% | 0.30% | 0.30% |
| $100,000+ | 0.55% | 0.55% | 0.30% | 0.30% |
| 48 mo. | $1,000–$2,499 | 0.50% | 0.50% | 0.25% | 0.25% |
| $2,500–$9,999 | 0.50% | 0.50% | 0.25% | 0.25% |
| $10,000–$24,999 | 0.50% | 0.50% | 0.25% | 0.25% |
| $25,000–$49,999 | 0.55% | 0.55% | 0.30% | 0.30% |
| $50,000–$99,999 | 0.60% | 0.60% | 0.35% | 0.35% |
| $100,000+ | 0.60% | 0.60% | 0.35% | 0.35% |
These certificates may be used for Roth, Traditional, or Education IRA accounts. A penalty may be imposed for early withdrawal. $1,000 minimum opening balance. Interest is compounded and credited monthly. Fees could reduce earnings on the account.
*2,500 Salal Rewards Points must be redeemed at time of application or request to receive the 0.25% increase.
**6-month and 18-month IRA CDs are not eligible for Salal Rewards Points. |
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Premium Plus Money Market
| Minimum Daily Balance Requirement | Interest
Rate | APY |
|---|
| $2,500 - $9,999 | 0.55% | 0.55% |
| $10,000 - $24,999 | 0.60% | 0.60% |
| $25,000 - $49,999 | 0.70% | 0.70% |
| $50,000 - $99,999 | 0.80% | 0.80% |
| $100,000+ | 0.85% | 0.85% |
| $2,500 minimum opening balance. Fees could reduce earnings on the account. See Consumer Product & Fee Disclosure for details. |
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Jumbo Money Market
| Minimum Daily Balance Requirement | Interest Rate | APY |
|---|
| $0 - $99,999 | 0.01% | 0.01% |
| $100,000 - $249,999 | 0.01% | 0.01% |
| $250,000 - $499,999 | 2.81% | 2.85% |
| $500,000 - $749,999 | 2.81% | 2.85% |
| $750,000 - $999,999 | 2.81% | 2.85% |
| $1,000,000+ | 2.81% | 2.85% |
Fees could reduce earnings on the accounts. See Consumer Product & Fee Disclosure for details.
eStatements are required to earn interest. If eStatements are discontinued, the APY will be reduced to 0.00% APY. |
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